subject: Allied Wallet ACH Processing [print this page] Allied Wallet ACH Processing Allied Wallet ACH Processing
ACH stands for automated clearing house. It is an electronic network that was created to carry out financial transactions in a faster manner. ACH services are usually used for regular payments such as mortgage, rent or payroll although their scope has vastly improved in recent times.
More and more companies online are trying out ACH services instead of accepting credit cards and debit cards from customers. Allied Wallet is one such service that has 10 years of experience in the field. Below, you will find the most common features and uses of the Allied Wallet ACH Processing system.
Direct deposit This is very useful for companies that offer traditional paper checks to compensate employees. Paper checks will mean that some costs will be added to the payroll process as staff and personnel will need to be involved to calculate and issue checks. Instead, the Allied Wallet ACH Processing system will be able to automatically deposit particular amounts in the employee's accounts on a certain date every month. Direct deposit can also be used for regular monthly payments to clients or to receive funds from them on a regular basis.
Payroll management This is similar to the example mentioned above but a lot of companies do not realize that their payroll system might be costing them money even if they have a direct deposit option. This is because some banks will charge a fee for every direct deposit that will eventually run up payroll management costs. The Allied Wallet ACH processing system provides the same services with less hassle and also at a lower fee which makes it a very wise option.
Affiliate payments Affiliates, in case you did not know, are people who you sign up to promote your business. They get a percentage of a sale in return for every customer sent by them who buys your product or service. If your establishment has an affiliate network, it can easily be set up on the Allied Wallet ACH processing system.
Batch processing Some business just cannot afford to send payments one by one as there might be too many transactions to deal with. In cases such as that, the Allied Wallet ACH processing system will allow batch processing where a user can essentially synchronize an excel sheet with large amounts of transactions. The ACH system will then carry out all the required transactions without any further user input. This is especially convenient for businesses that will have to carry out a number of ACH payments as it will save them a lot of time and effort.
Other recurring payments A business will have other recurring payments that need to be made on a monthly basis. Payments made to a vendor or monthly payments received from a customer can all be set up on the Allied Wallet ACH processing system.
Financial transactions without credit cards Not everyone has a debit or credit card to carry out a financial transaction. In cases like that, an ACH processing system will be most handy as it will allow the smooth flow of a business transaction.
